Oriental Carbon & Chemicals: Show me the money.
Updated
-Small bullish wedge formation.
-Stock price near key support.
-Rs.1000 mark is also a key psychological support that is holding up well.
-Slight divergence on RSI.
-Divergence on Stochastic.
-MACD at historic oversold levels suggests that the stock might be oversold.
-Divergence on MFI from oversold territory.
-Stock has a good history of bouncing whenever MFI was indicating oversold along with divergence.
-Stock price near key support.
-Rs.1000 mark is also a key psychological support that is holding up well.
-Slight divergence on RSI.
-Divergence on Stochastic.
-MACD at historic oversold levels suggests that the stock might be oversold.
-Divergence on MFI from oversold territory.
-Stock has a good history of bouncing whenever MFI was indicating oversold along with divergence.
Trade closed: target reached
Will wait for rest of the resistance zone.
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